Other Asia Pacific

Fintech / Regtech

BSP Targets September Issuance of Digital Banks Framework

By Editors | 06/09/2020

Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.

AML / KYC

BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

By Sanday Chongo Kabange | 05/09/2020

Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

ESG / Sustainability

Thailand SEC, UK Govt to Collaborate in Financial Sector

By Editors | 02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

Market Infrastructure

Why APAC Should Care About the EU’s AIFMD Review

By Tony Freeman | 02/09/2020

Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.

Market Infrastructure

KBank, CIMB Thai Complete First OIS Trade Referencing THOR

By Editors | 01/09/2020

KBank and CIMB Thai Bank completed the first overnight indexed swap derivatives transaction referencing Thailand’s new reference rate on Monday.

BSP Proposes to Impose Cap on Credit Card Finance Charges

By Editors | 31/08/2020

The BSP says it is looking to impose a maximum finance charge equivalent to an effective annual interest rate of 24 percent for credit card cash advances and installment purchases.

Securities / Derivatives

Philippines Issues Rules on New Investment Vehicle for Corporate Debt

By Editors | 26/08/2020

Corporate Debt Vehicles can issue securities to invest in bonds, notes or commercial papers issued by large corporations and medium-sized enterprises.

Securities / Derivatives

Thailand SEC to Allow Repo, Reverse Repo Trades by Retail Investors

By Editors | 25/08/2020

Allowing repo and reverse repo trades in listed securities and unit trusts with all investor types will provide them additional liquidity management tools, the SEC said.

Capital / Liquidity

BOT to Launch Debt Restructuring Programme for Businesses

By Sanday Chongo Kabange | 24/08/2020

The new programme is designed to help businesses to restructure debt owed to multiple creditors. A similar programme for household borrowers already exists.